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Annuity Calculator
Our Annuity Calculator provides a helpful estimate of your potential retirement income with an annuity and our other guaranteed income products. Use our calculator to see how much you could get.
What is an annuity calculator?
Our annuity calculator is a handy tool that will support you in gaining a better understanding of your guaranteed income options in retirement and how much you could expect to receive from your pension with an Annuity.
Benefits of our annuity calculator
- Quick indication of your possible annuity income
- Compare multiple retirement income products against each other
- Ability to toggle between how much you’d like to receive per year and how long you would like your payment period to be
Annuity Calculator
Our Pension Annuity Calculator helps you see how much income you could receive with a guaranteed income product. Don't include any final salary pensions or your state pension in your calculations.
How our calculator works
- Annuity income results are available on our calculator for ages 55-85
- Once you enter your age and pension pot amount, we'll show:
- The amount you could take for your 25% tax-free lump sum
- The amount remaining in your pension pot after taking the lump sum
- An estimated annual income based on the amount left in your pension pot
- As well as results for our annuity, which guarantees an income for life, you can see results for our Fixed Term Retirement Plan and Cash-Out Retirement Plans which offer incomes over a fixed term, in addition to our Pension Drawdown product and taking your pension as cash.
- You can use the calculator to see the impact of different terms on your annual income.
Taking out an annuity with L&G
Used our annuity calculator and ready to think through your income choices?
Receive a guaranteed income with a Pension Annuity
You've seen from our calculator the different guaranteed income products we offer.
To learn more about our annuity, visit our Annuity page. It shares more information about how they work and helps you decide if it’s the right choice for you.
When you get a quote, we’ll tell you if anyone else offers higher rates. So, you’ll be able to compare a wide range of retirement income options and be sure you’re getting the best deal for you.
Our annuity calculator would have also given you an insight into what you might receive with other retirement income products: Fixed Term and Cash-Out Retirement Plans, or Pension Drawdown. You can visit those product’s pages too for more information.
Retirement income products compared
Guaranteed income (Pension Annuity) | Fixed Term Retirement Plan | Cash-Out Retirement Plan | Flexible income (Pension Drawdown) | |
|---|---|---|---|---|
Can it provide a regular pension income? | Yes | Yes | Yes | Yes |
Can I choose a guaranteed income each month? | Yes | Yes | Yes | No |
Is my income guaranteed to last my whole life? | Yes | No | No | No |
Can I change how much I get? | No | No | No | Yes |
Am I exposed to market movements, up or down? | No | No | No | Yes |
Annuity articles
How much does an annuity cost and how do I buy one?
What annuity can you buy with a £30k, £100k and £500k pension pot? We look at these examples and how to purchase an annuity.
What is an annuity and how do annuities work?
What is an annuity? We explain what annuity means and if an annuity is a good idea for you.
Compare annuities: Should I buy one?
There are several types of annuity including fixed, variable, deferred and immediate. Find out which annuity type might be right for you.
Need some help?
Making well-informed decisions about how to finance your retirement is important so it’s worth shopping around and using available guidance and advice, before you buy.
Retirement guidance
Pension Wise from MoneyHelper
The government’s free and impartial service, offering guidance to make money and pension choices clearer.
To find out more or book an appointment online click below or call.
0800 011 3737
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Calls may be recorded and monitored.
Speak with us
Our colleagues in Cardiff are always happy to answer your questions.
0800 048 2446
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Calls may be monitored and recorded.
Retirement advice
Retirement Advice Service from Legal & General
Our advisers are experts in retirement regulated by the Financial Conduct Authority , so you can trust them to provide impartial advice and a personal recommendation that’s right for you.
0800 009 4011
Monday to Friday 9am to 5pm.
We may record and monitor calls.
